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Currency value is relative, and since the invention of the internet more countries are financially dependent upon each other than they were before. Debt in Spa
by RNCTX 6y ago
Currency value is relative, and since the invention of the internet more countries are financially dependent upon each other than they were before.
Debt in Spain, debt in the USA, debt in Greece, debt in former Soviet countries, debt in Japan, debt in China, what's the difference? Since most industrialized nations have allowed their business owner classes to bribe their way into paying less in taxes than is required to fund their governments, public debt is ubiquitous as a solution to insufficient tax revenue.
For country XYZ to have money worth more than country ABC due to your hypothetical question, there has to be a government somewhere with stable financial markets and significantly less debt than other countries. At present, to my knowledge, no such place exists.